RSAR Monthly Market Report for Reno-Sparks, Nevada – October 2018

The Reno/Sparks Association of REALTORS® (RSAR) has released its Reno-Sparks Market Report for October 2018.

From October’s report…

“The Reno market is a seller’s market, at 2.9 months supply of inventory,” said Doug McIntyre, 2018 RSAR President. “The months supply of inventory for the past two months has been at 3 months. This shows an improvement in inventory levels, providing buyers more choices.”

  • The October median price at $380,000 is up 2% from September and up 10% from a year ago.
  • October unit sales at 459 are up 1% from September and down 17% compared to October 2017.
  • October new listings are down 14% at 556 compared to September and up 1% from one year ago.
  • The Reno market is a seller’s market, at 2.9 months supply of inventory.

Click on the graph below to see the entire RSAR market report for October…

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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